Legal Question in Real Estate Law in India
Deletion of name from the property papers
I have purchased a property, and have applied for the loan from a nationalised bank. The loan is issued on my name with my income papers, but the flat has been registered with mine as well as my wife's name. What are the complications that can happen, can the bank refuse loan as the property is the joint property.
Asked on 4/28/08, 2:43 pm
2 Answers from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Re: Deletion of name from the property papers
Banks have their own norms.
However, most probably, the Bank would ask you to join your wife as co-borrower and proceed with disbursement of loan.
Answered on 4/29/08, 3:03 am
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Deletion of name from the property papers
Already replied.
Answered on 4/29/08, 6:40 am
Related Questions & Answers
-
Property Dear Sir, I was looking for a house in Kharghar in Navi Mumbai and... Asked 4/28/08, 3:48 am in India Real Estate and Real Property
-
Real estate--ownership property. 2-wnershp propty's A-in the name of... Asked 4/26/08, 5:16 pm in India Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
